We present a definition of increasing uncertainty, in which an elementary increase in the uncertainty of any act … rise to a dual definition of comparative aversion to uncertainty. We characterize this definition for a popular class of … generalized models of choice under uncertainty. …

; cotton and field crops). The supply of water for irrigation is subject to climatic and policy uncertainty. Variable inflows … issues facing irrigators, greater pressure is being placed on this finite resource. The uncertainty of the water supply …

incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent …

incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent …

rainfall levels. Both medium-term cycles such as the Southern Oscillation and longer term climate change contribute uncertainty … in additional to that arising from seasonal fluctuations. It follows that uncertainty is an inherent feature of water … management in Australia. In addition, the policy process itself generates uncertainty. As new knowledge about water systems …

of uncertainty, but remains controversial. This paper shows how the precautionary principle may be interpreted as a guide …